Flat Glass Group Balance Sheet Health
Financial Health criteria checks 4/6
Flat Glass Group has a total shareholder equity of CN¥22.3B and total debt of CN¥13.5B, which brings its debt-to-equity ratio to 60.5%. Its total assets and total liabilities are CN¥43.0B and CN¥20.7B respectively. Flat Glass Group's EBIT is CN¥3.5B making its interest coverage ratio 7.5. It has cash and short-term investments of CN¥6.9B.
Key information
60.5%
Debt to equity ratio
CN¥13.50b
Debt
Interest coverage ratio | 7.5x |
Cash | CN¥6.92b |
Equity | CN¥22.29b |
Total liabilities | CN¥20.69b |
Total assets | CN¥42.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601865's short term assets (CN¥16.8B) exceed its short term liabilities (CN¥9.2B).
Long Term Liabilities: 601865's short term assets (CN¥16.8B) exceed its long term liabilities (CN¥11.5B).
Debt to Equity History and Analysis
Debt Level: 601865's net debt to equity ratio (29.5%) is considered satisfactory.
Reducing Debt: 601865's debt to equity ratio has increased from 44.4% to 60.5% over the past 5 years.
Debt Coverage: 601865's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: 601865's interest payments on its debt are well covered by EBIT (7.5x coverage).